CENVAT Credit Denied: Rule 4(3) Limits Eligibility to Specific Entities, Excludes General Leasing Parties (3.

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....CENVAT credit on Capital Goods taken on lease - Prima facie the availment of capital goods Cenvat credit in the case by the appellant was not correct, as the words “financing company“ in Rule 4(3) of Cenvat Credit Rules cannot be read “as any person“. - AT....